The tribunal directed the Appellants to deposit the balance pre-deposit of ₹ 1.08 crores within two weeks from ₹ 50 lakhs already paid, specifying a final deadline for compliance.
Balance pre-deposit of Rs. 1.08 crores to be paid within two weeks by 07.05.2024. Appeal dismissed if not paid. Future reporting fixed for 08.05.2024.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Mr Justice Ashok Menon, Chairperson I.A. No. 271/2024(EoT)
In
Appeal on Diary No. 330/2024
Between
M/s Devbhoomi Cotton Industries & Ors. … Appellant/s V/s.
Axis Bank …Respondent/s
Ms. Neeta Pandit along with Ms. Mahima Sharma, Advocate for Appellants appears through Video Conferencing.
Mrs. Uma Fadia, Advocate for Respondent.
-: Order dated: 23/04/2024:-
The matter is taken up for hearing by way of a praecipe filed by Appellants for seeking urgent relief.
1
Sd/Chairperson
rm-4
2
M/s Devbhoomi Cotton Industries & Ors.
Axis Bank
Ashok Menon
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
